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Bulletin: Capital One Financial Corp. Acquisition Of NetSpend Holdings Will Not Affect Ratings

Published Aug 08, 2007

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Abstract:

NEW YORK (Standard&Poor's) Aug. 8, 2007—Standard&Poor's Ratings Services said today that Capital One Financial Corp.'s (BBB+/Positive/--) announcement that it will acquire NetSpend Holdings will have no ratings impact. The $700 million all-cash transaction is relatively small and provides Capital One a growth platform in the prepaid debit card business line. Although the transaction will result in a modest reduction in capital ratios, Capital One's historic commitment to capital, and expectations for a rapid rebuild of capital, mitigate this issue.

Report Type:

Bulletin

Ticker

COF

Issuer

Capital One Financial Corp.

GICS

Consumer Finance (40202010)

Sector

Global Issuers , Structured Finance

Country

United States

Region

United States

Format:

HTML

Bulletin: Capital One Financial Corp. Rating Unchanged After Announcing Mortgage Origination Cessation – 2007/08/21 – Free

Capital One Financial Corp. Outlook Revised To Stable From Pos.; 'BBB+' Rating Affirmed – 2007/11/09 – US$ 150.00

Research Update: Capital One Financial Corp 'BBB+' Rating Affirmed; Outlook Revised To Stable From Positive – 2007/11/09 – US$ 225.00

Bulletin: Correction: Capital One Financial Corp. Rating Unaffected By Announced Fourth-Quarter Charges – 2008/01/10 – Free

Bulletin: Capital One Financial Corp. Rating Unaffected By Announced Stock Offering – 2008/09/24 – Free

Capital One Financial Corp. – 2007/06/27 – US$ 500.00

Summary: Capital One Financial Corp. – 2007/06/27 – US$ 225.00

Capital One Financial Corp. Upgraded To 'BBB+', Off CreditWatch; Outlook Positive – 2006/12/01 – US$ 150.00

Research Update: Capital One Financial Corp. Rating Raised To 'BBB+', Off Watch; Outlook Positive – 2006/12/01 – US$ 225.00

Capital One Financial Corp. – 2006/05/10 – US$ 500.00

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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:	S&P Global Ratings’ Credit Research. "Bulletin: Capital One Financial Corp. Acquisition Of NetSpend Holdings Will Not Affect Ratings" Aug 08, 2007. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Capital-One-Financial-Corp-Acquisition-Of-NetSpend-Holdings-Will-Not-Affect-Ratings-595254>

APA:	S&P Global Ratings’ Credit Research. (). Bulletin: Capital One Financial Corp. Acquisition Of NetSpend Holdings Will Not Affect Ratings Aug 08, 2007. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Capital-One-Financial-Corp-Acquisition-Of-NetSpend-Holdings-Will-Not-Affect-Ratings-595254>

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